Robert Gerard Ashe Sells 462 Shares of Shopify Inc (SHOP) Stock

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Shopify Inc (TSE:SHOP) Director Robert Gerard Ashe sold 462 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of C$335.37, for a total value of C$154,940.59. Following the completion of the transaction, the director now owns 29,199 shares of the company’s stock, valued at C$9,792,446.21.

Shares of SHOP stock opened at C$340.87 on Wednesday. The stock has a market cap of $37.69 billion and a P/E ratio of -504.99. Shopify Inc has a 1-year low of C$159.25 and a 1-year high of C$358.60. The company has a debt-to-equity ratio of 4.89, a current ratio of 12.57 and a quick ratio of 11.78.

SHOP has been the subject of a number of research reports. Mackie upped their price objective on Shopify from C$210.00 to C$280.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Morgan Stanley cut Shopify from an “equal weight” rating to an “underweight” rating and increased their target price for the company from C$173.00 to C$209.00 in a report on Tuesday. Guggenheim cut Shopify from a “buy” rating to a “neutral” rating in a report on Monday. Finally, Royal Bank of Canada increased their target price on Shopify from C$230.00 to C$265.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st.

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Shopify Company Profile

Shopify Inc provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in the United States, the United Kingdom, Canada, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing.

See Also: Net Income

Insider Buying and Selling by Quarter for Shopify (TSE:SHOP)

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